Maybe I didn't clarify what I meant with "SBD distracts traders from trading STEEM". It's because of the liquidity of rewards paid in SBD. Users could exchange it readily instead of having to wait for power downs. When the pump was happening lots of users were cashing out their SBD to pay their bills, instead of buying STEEM. I know that because many of them have msg'd me complaining how things are dire for them nowadays since SBD is back to ~$1.
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I'm reasonably certain that a lot of people cash out whatever they receive, be it SBD or STEEM. If they are writing you about their lives being dire then clearly they are using rewards as a form of income to support their living expenses (which implies "cashing out").
Indeed, Steemit has become a source of income for people in Africa, Venezuela and other economically stricken countries. No wonder we see a lot of undesirable methods (spam, scams) probably driven by exasperation to earn a buck 😥